Question

Find the amount and the compound interest on rs.5000 for 2 years at 8% per annum, compound annually.​

Answer 1

Step-by-step explanation:

p= 5000

r=8%

t=2 yrs

A = P (1+ r /100)^

5000 (1+8/100)^

5000×108/100 × 108/100

=5832

interest = amount -p

5832-5000

832

the interest is rs.832

Answer 2

Solution:

Given,

Principal= R.s. 5000

Time= 2yrs

Rate = 8% p.a

_____________________________________

.•. Principal for the first year = R.s. 5000

Interest for the first year. = Rs ( 5000 x 8 x1)

100

=Rs 400

Amount at the end of first year= (5000+400)

= Rs 5400

.•.Principal for second year = Rs 5400

Interest for second year = (5400 x 8 x1)=Rs 432

100

Amount at the end of second year = (5400+432)

= Rs5832

.•. Amount= Rs 5832

We know,

$compound \: intrest = (amoumt) - (original)$

Therefore,

Compound interest = Rs(5832-5000)

= Rs 832 Ans.

Hope it helps❤